4. What's the difference
between HOA insurance and
homeowners insurance?
While HOA insurance provides protection for homeowners in the
common areas of the community, homeowners insurance is specific
to the resident's property, including:
• The home's exterior
• The home's interior
• Personal property within the home
• Improvements or additions to the property
Mortgage lenders will often require homeowners to purchase an
individual policy for their home, even if they live in a community with
HOA insurance. For the most part, HOA and homeowners insurance
policies have completely separate roles and don't duplicate coverage.
